Bitcoin

In the last three months, Marathon Digital sold 1,800 Bitcoins to get $17 million to cover their expenses.On August 8th, Bitcoin mining company Marathon Digital Holdings Ltd. (traded on NASDAQ as MARA) announced its earnings for the second quarter of 2023. They made more money and had fewer losses.Because the <a href="https://cryptosheadlines.com/bitcoins-price-increases-as-traders-turn-to-cryptocurrencies-after-a-us-banks-uncertain-status/" rel="noopener noreferrer nofollow">price of Bitcoin</a> went up this year, Marathon Digital sold more BTC and made a profit. Their headquarters is in <a href="https://cryptosheadlines.com/garlinghouse-lauds-xrp-community-at-xrp-las-vegas-2023-for-supporting-ripple/" rel="noopener noreferrer nofollow">Las Vegas</a>. They had a smaller net loss of $19.13 million, which is 13 cents per share. Last year, during the same time, their loss was $212.6 million or $1.94 per share.They also made more money, with their revenue going up to $81.8 million, which is more than three times what they made before. But this was a bit lower than what experts expected ($83.45 million, as per a survey by Bloomberg). The company also <a href="https://cryptosheadlines.com/jpmorgan-chase-faces-38-99b-in-fines-as-new-sec-action-begins/" rel="noopener noreferrer nofollow">faced some issues because of the actions of the SEC</a>.Since the year started, Marathon Digital has been <a href="https://cryptosheadlines.com/arthur-hayes-forecasts-optimal-bitcoin-selling-time-in-breakthrough-prediction/" rel="noopener noreferrer nofollow">selling some of its Bitcoin</a> to pay for its operations. <a href="https://cryptosheadlines.com/bitcoin-miner-marathon-reports-q2-revenue-increase-and-reduced-losses/" rel="noopener noreferrer nofollow"> Read More...</a>

Bitcoin Miner Marathon Reports Q2 Revenue Increase and Reduced Losses

CryptosHeadlines.com

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